"For 2020 the premium was €1,123 but I was quoted €4,300 for this year" Small businesses face insurance hikes

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"For 2020 the premium was €1,123 but I was quoted €4,300 for this year" Small businesses face insurance hikes

It has been a tough 18 months for businesses across the country as they went in and out of lockdowns. Could small businesses be facing more challenges with their insurance premiums due to pandemic claims? Damien Langan, owner of Langan’s Home and Garden Centre in Belmullet in Mayo and Jonathan Hehir, Managing Director of CFM Group Insurance chatted about the issue. Damien's insurance premium in 2020 was €1,123, but he was quoted nearly €4,300 for this year. Listen and subscribe to Lunchtime Live on Apple Podcasts, Google Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.

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"For 2020 the premium was €1,123 but I was quoted €4,300 for this year" Small businesses face insurance hikes